Computer-Integrated Manufacturing (CIM)systems Control Day-To-Day Shop Floor Activities

question 80

True/False

Computer-integrated manufacturing (CIM)systems control day-to-day shop floor activities.Prior to CIM,information was frequently late and rarely current or reliable.

---

Definitions:

Payback

The period of time required to recover the cost of an investment.

Liquidity

The simplicity of transforming an asset or security into immediate cash without impacting its market value.

Internal Rate of Return

The discount rate that makes the net present value (NPV) of all cash flows (both positive and negative) from a particular project or investment equal to zero.

Required Return

The smallest percentage of annual gain required from an investment to attract individuals or corporations to fund a certain project or venture.